SelectQuote (NYSE:SLQT) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

SelectQuote (NYSE:SLQT) announced its earnings results on Monday. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08), RTT News reports. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The company had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $275.15 million. During the same period in the prior year, the business earned ($0.19) earnings per share. SelectQuote updated its FY 2025 guidance to EPS.

SelectQuote Stock Down 3.0 %

Shares of NYSE:SLQT traded down $0.07 on Thursday, hitting $2.27. 364,907 shares of the company traded hands, compared to its average volume of 1,028,502. The stock has a 50 day simple moving average of $2.43 and a 200-day simple moving average of $2.82. The company has a quick ratio of 6.84, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The company has a market cap of $389.23 million, a PE ratio of -8.38 and a beta of 1.06. SelectQuote has a 52 week low of $1.03 and a 52 week high of $4.46.

Wall Street Analysts Forecast Growth

SLQT has been the topic of a number of research reports. Craig Hallum initiated coverage on SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a research note on Tuesday, October 29th.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.